"Having explored a range of options, including a potential sale of the business, and consulted with the staff about the options, we have not been able to find a suitable alternative for the talented team in the timescales set by the consultation exercise and have agreed to close The Blast Furnace," an Activision spokesperson told MCV.

"Although we have reached the end of the main consultation exercise, we shall continue to work with the leadership team to explore options for these highly skilled individuals within Activision and its related organisations.

"Additionally, we will be offering a number of tools and resources, including outplacement counselling services, to those who are impacted."

Leeds-based studio The Blast Furnace is dedicated to mobile gaming, with its past releases including handheld entries in the Pitfall and Wipeout series, as well as Call of Duty titles for iOS and Android.